Auto Alliance's Clay discusses hurdles to expanding alternative fuel vehicle sector
While the Detroit Big Three are deep in the post-bailout transition, Washington is debating how to encourage the U.S. car market to make more efficient vehicles. Will a gas tax help provide more market certainty? What impact would state-level vehicle emissions reduction programs have on the industry? During today's OnPoint, Kathryn Clay, director of research at the Alliance of Automobile Manufacturers, gives the industry's take on EPA's recent move to reverse the Bush administration's decision on California's waiver request for vehicle emissions regulation. She discusses the potential benefits of putting a floor on the price of gasoline. Clay also explains how the industry's ability to lobby Congress has changed on the heels of the auto bailout.